Jeff Immelt of General Electric quits race to be Uber boss

Timeline Uber's management crisis

Former GE chief Jeff Immelt has announced that he has "decided not to pursue" Uber's top spot despite reports that he was the leading candidate. Morale at Uber has plummeted in the wake of eight months of controversy, including reports of widespread discrimination and sexual harassment, lawsuits that threaten the company's future, a leadership vacuum, and the ouster of chief executive and co-founder Travis Kalanick.

Uber has been run by a committee of 14 senior executives since Mr Kalanick's departure in June. Other Uber investors have lashed out at Benchmark and tried to get the firm to forfeit its board seat. "I have accepted the investors' request to step aside so that Uber can go back to building rather than be distracted with another fight", said Kalanick in a statement. In its filing, the firm stated, "It has been widely reported that Mr. Kalanick's behavior has caused potential CEO candidates to withdraw from consideration". In the suit and in a letter later published to employees, Benchmark alleged that Kalanick was interfering with the search for a new CEO and was trying to get himself reinstated.

More significantly, in February, a former Uber engineer described in a blog post how she was sexually harassed and the company did nothing to investigate her complaints.

Khosrowshahi has been CEO of Expedia since August of 2015.

Khosrowshahi has headed up Expedia since 2005, after serving as the chief financial officer of IAC for seven years.

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Sources close to Meg Whitman said she has not been informed of any choice nor had the board agreed to some the the things she was asking for to take the job. After Whitman was chased away, Kalanick reportedly told several people that he was "Steve Jobs-ing it", a reference to how the Apple co-founder was ousted from his company but later returned to lead it.

Uber's crises have failed to knock the company's business off course, with revenues surging in the second quarter. He is also on the board of the New York Times Company and sports merchandise company Fanatics Inc.

But he also took responsibility for the company's current situation saying he needed "to become a better leader".

Kalanick had responded to the lawsuit but the issue has now been escalated by Benchmark. (In one infamous episode that was caught on video earlier this year, Kalanick unloaded onto an Uber driver who criticised the company's wages).

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